Endeavour Silver Produces 1,350,840 oz Silver and 13,208 oz Gold (2.3 Million oz Silver Equivalents) in the First Quarter, 2018; Provides Update of the El Compas Mine Development Project

ID: 1534663
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(PresseBox) - Endeavour Silver Corp. (TSX: EDR, NYSE: EXK - https://www.youtube.com/watch?v=wmK8Kyb4AX0&t=4s ) reports its production results for the First Quarter, 2018 from the Company?s three silver-gold mines in Mexico: the Guanacev

Silver production in the First Quarter, 2018 increased 25% to 1,350,840 ounces (oz) compared to 1,076,974 oz silver in Q1, 2017 and gold production rose 13% to 13,208 oz compared to 11,724 oz gold in Q1, 2017, resulting in silver equivalent production of 2.3 million oz using a 75:1 silver-gold ratio.

Silver production was higher in Q1, 2018 compared to Q1, 2017 due to higher mine output and ore grades at El Cubo and Bola

Production Highlights for First Quarter, 2018 (Compared to First Quarter, 2017)








Bradford Cooke, Endeavour CEO, commented, ?Our First Quarter production was much improved over last year.

?Our quarterly production profile should continue to improve this year as Guanacevi benefits from the productivity optimization program now underway and Bola

Operations Summary for First Quarter, 2018

At Guanacevi, mine output was lower due to mine development falling behind schedule in 2017 and the reallocation of mine personnel to implement a productivity optimization program.

At Bola

At El Cubo, mine output, silver grades and gold grades were all higher in Q1, 2018 compared to Q1, 2017, which resulted in a sharp increase in production in Q1, 2018.

El Compas Mine Development Project Update

The El Compas mine development project remains on schedule for mine and plant commissioning to commence in April and commercial production to be achieved by the end of July.

El Compas finally received its explosives permit in March, which allowed the mine to accelerate the development of the main access ramp.

The last plant component, a mobile crushing circuit, arrived on site in March and is currently being installed.tion.

Release of First Quarter, 2018 Financial Results and Conference Call

The 2018 First Quarter Financial Results will be released before market on Thursday, May 3, 2018 and a telephone conference call will be held the same day at 9:00am PT (12:00pm ET). To participate in the conference call, please dial the numbers below. No pass-code is necessary.

Toll-free in Canada and the US: 1-800-319-4610

Local Vancouver: 604-638-5340

Outside of Canada and the US: +604-638-5340

A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass-code is 2164#. The audio replay and a written transcript will be available on the Company''s website at www.edrsilver.com under the Investor Relations, Events section.

About Endeavour Silver

Endeavour Silver Corp. is a mid-tier precious metals mining company that operates three high-grade, underground, silver-gold mines in Mexico. The Company is forecasting 20% production growth to 10.2-11.2 million oz silver equivalent in 2018. Endeavour is currently developing its fourth high-grade, underground, silver gold mine in Mexico and has a compelling pipeline of exploration and development projects to facilitate its goal to become a premier senior silver producer.

SOURCE Endeavour Silver Corp.

Cautionary Note Regarding Forward-Looking Statements

This news release contains ?forward-looking statements? within the meaning of the United States private securities litigation reform act of 1995 and ?forward-looking information? within the meaning of applicable Canadian securities legislation. Such forward?looking statements and information herein include but are not limited to statements regarding Endeavour?s anticipated performance in 2018, the timing and results of various future activities, the reliability of Mineral Reserve and Resource estimates, the economic analysis and proposed development new mines.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, the reliability of Mineral Reserve and Resource estimates, operational plans and economic analysis, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico, operating or technical difficulties in mineral exploration, development and mining activities, risks and hazards of mineral exploration, development and mining, the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company?s title to properties, as well as those factors described in the section ?risk factors? contained in the Company?s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including, but not limited to, the reliability of Mineral Reserve and Resource estimates, operational plans and economic analysis, the continued operation of the Company?s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management?s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

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Date: 04/11/2018 - 02:34
Language: English
News-ID 1534663
Character count: 9168
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Vancouver, Canada


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